Budget Battles
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How Congress Cheats with Our Money — and How We Can Stop It
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April Is Financial Literacy Month. Someone Tell Congress.
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
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Why Trillion-Dollar Deficits Matter
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
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Why Almost No One Is Happy About This Week's Balanced Budget Amendment Vote
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How Congress Cheats with Our Money — and How We Can Stop It
By Marc Goldwein and Zach MollerThe U.S. is on course to top its record debt levels set after World War II, and permanent trillion-dollar deficits — meaning, forever — are likely to return within two years . And unlike after World...
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Will Work for Food? Republicans Push Stricter Rules for SNAP
By Michael RaineyFunding for the Supplemental Nutrition Assistance Program (SNAP), more commonly known as food stamps, is provided in the farm bill, a massive spending and regulatory package Congress passes every...
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April Is Financial Literacy Month. Someone Tell Congress.
By Joseph J. Minarik and Caroline L. FergusonFebruary is Black History Month, March is National Women’s Month, and April? Well, it’s Financial Literacy Month, of course! The U.S. government gave financial literacy its own month in 2003. April...
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Why All the Warnings About Unsustainable National Debt Could Be Wrong
By Michael RaineyInternational economists are warning about rising global debt levels and deficit hawks in Washington are increasingly worried about what they see as unsustainable debt levels in the U.S., but a new...
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The US Has an Exceptional Debt Outlook – and Not in a Good Way
By Michael RaineyThe International Money Fund’s latest global fiscal survey warns that in five years, the U.S. debt-to-GDP ratio will be higher than Italy’s, a nation not generally known for its exemplary fiscal...
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Why More School Districts Are Holding Class Just Four Days a Week
By Sophie Quinton, StatelineThe public school in Campo, Colorado, hasn’t required all its students to come to class on Fridays for nearly two decades. The 44-student district dropped a weekday to boost attendance and better...
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When the Budget Won’t Balance, Just Get Rid of the Budget Committee?
By Michael RaineyIt may sound like a joke — Erik Sherman of Forbes said it seemed like something “from The Onion or Andy Borowitz at the New Yorker, only with less humor and pith” — but Sen. Mike Enzi (R-WY), chair...
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With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
Spending hikes and tax cuts passed since 2015 under the Trump and Obama administrations account for $540 billion of next year’s projected $981 billion budget deficit, or 55 percent, according to...
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F-35 Deliveries Halted Over Repair Bill
By Michael RaineyThe F-35 Lightning II has yet to fire a shot in anger but the Pentagon is already arguing with manufacturer Lockheed Martin over a big repair bill. The Defense Department has stopped accepting most...
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This State's a Big Winner When It Comes to Defense Spending
By Michael RaineySpending on huge weapons programs like the F-35, which has an estimated lifetime cost of more than $1 trillion, is carefully spread around the country to maximize its economic impact – and to make it...
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State Pension Funds Fall Deeper in the Hole
By Michael RaineyState pension plans are facing a massive $1.4 trillion funding gap, according to a new analysis from the Pew Charitable Trust. Pension liabilities in all 50 states increased by $295 billion to...
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Why Trillion-Dollar Deficits Matter
The Congressional Budget Office confirmed this week that the deficit is on pace to surpass $1 trillion in 2020 and climb higher from there barring action by leaders in Washington, potentially...
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Cost of War in Syria Is Rising
By Michael RaineyPresident Trump said last week that he wanted to remove U.S. troops from Syria as soon as possible, but resistance from the Pentagon apparently changed his mind, and new reports that Syrian forces...
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How Tax Cuts Are Influencing Teacher Strikes
By Michael RaineyThousands of public school teachers in Oklahoma entered the 10 th day of their strike on Wednesday, part of a wave of labor protests by educators around the country. West Virginia teachers went on...
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
House Speaker Paul Ryan announced Wednesday that he won’t seek re-election this year and will retire at the end of his term in January, becoming the most prominent in a wave of Republican lawmakers...
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